MUMBAI, April 25 — Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia's surprise palm oil export ban forced buyers to seek alternatives, already in short supply due to adverse weather and Russia's invasion of Ukraine.

KUALA LUMPUR, April 25 — Malaysia is set to benefit from palm oil importers shifting demand from Indonesia to Malaysia following Indonesia's ‘surprising’ and ‘unexpected measure’ to impose an export ban on the commodity, which will also further raise overall global vegetable oil prices, Public Investment Bank said.

PONTIAN, April 24 — Indonesia’s move to ban exports of its palm oil starting Thursday next week is expected to have a massive impact on the global edible oils and fats market.

JAKARTA, April 24 — Indonesia, the world's top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation.

JAKARTA, April 20 — Indonesian authorities have opened a corruption case linked to the issuance of palm oil export permits, naming four suspects including a trade ministry official and palm oil company executives, the attorney general said on Tuesday.

KUALA LUMPUR, April 15 — Italian confectionery giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation Berhad after the United States found the planter used forced labour, in a reputational blow for the palm producer and for Malaysia.

KUALA LUMPUR, March 1 — Moody’s Analytics believes that Asia Pacific (Apac) will experience a moderate impact on inflation and supply chain disruptions as direct trade between Ukraine and the region is limited.

JAKARTA, Oct 7 — Indonesia has successfully conducted a flight test with a medium-range twin-engined transport aircraft using bio-aviation turbine fuel, bioavtur J2.4, reported Xinhua.

KUALA LUMPUR, Sept 7 — The post-pandemic outlook for the palm oil industry in Malaysia remains bright, backed by the balanced supply and demand as well as expected recovery from labour shortages next year.

KUALA LUMPUR, Aug 15 — Agri-commodities and agri-commodities product exports jumped 65 per cent to RM105 billion in the second quarter of 2021 from RM64 billion in the same period last year,  Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali said.

KUALA LUMPUR, July 19 —  As the world deals with the global climate crisis, it is crucial for Malaysia to enhance its sustainability initiatives to ensure a better future for the younger generation, said Swedish Ambassador to Malaysia, Dag Juhlin-Dannfelt.

KUALA LUMPUR, June 25 — Malaysian palm oil company IOI Corporation said on Friday it had been made aware of a letter from the US Customs and Border Protection (CBP) about opening an investigation against the company on allegations of labour abuse.

KUALA LUMPUR, April 12 — Malaysian crude palm oil (CPO) stocks continued to increase in March 2021, growing 12.37 per cent to 742,742 tonnes from 660,987 tonnes the month before, according to the Malaysian Palm Oil Board (MPOB).

COLOMBO/MUMBAI, April 6 — Sri Lanka on Monday banned imports of palm oil and new palm plantations and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry.

KUALA LUMPUR, April 5 — Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with the CPO production reaching 19.6 million metric tonnes (MT) for 2021 compared with 19.14 million MT last year, the Malaysian Palm Oil Council (MPOC) said.

KUALA LUMPUR, March 25 — The world production of palm oil is likely to rebound by 3.2 million tonnes in the October 2020-September 2021 season, while Malaysian production is expected to decline 500,000 tonnes, said Oil World executive director Thomas Mielke.

KUALA LUMPUR, March 1 — Sime Darby Plantation Bhd (SDP) has appointed Impactt Ltd as a third-party assessor to its newly established expert stakeholder human rights assessment commission, to conduct a comprehensive evaluation of SDP’s labour practices across its Malaysian operations.

KUALA LUMPUR, Feb 11 — Sime Darby Plantation Bhd (SDP) said there have been no systemic issues in its operations based on the company's recent internal assessments conducted in its entire operations in Malaysia, quashing the forced labour allegations in its production process.

KUALA LUMPUR, Feb 10 Feb — The Malaysian palm oil industry has generated about RM72.8 billion through the export of palm oil and its products to the international market in 2020, the Ministry of Plantation Industries and Commodities (MPIC) said.

KUALA LUMPUR, Jan 29 — The Malaysian plantation fraternity involved in the entire palm oil supply chain will continue to offer sectoral-related and most practical recommendations to the policymakers and the authorities to help mitigate the spread of Covid-19 in the industry.